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Why do I need it?
If you want to protect your ideas, trade secrets, business plans and strategies, finances, designs, drawings, processes, customer or supplier details or information, or any other commercially sensitive information (that is not, or doesn’t become, publicly available) from being copied or falling into the wrong hands, a Confidentiality Agreement is essential!
Our One-Way Confidentiality Agreement prevents valuable confidential information shared by one business or person with another from being shared with anyone else. It can be used by any person or business sharing confidential information, such as when hiring an independent contractor to work on a confidential project, negotiating a top-secret contract with another business, pitching to investors, negotiating a potential sale of your business (or shares) or sharing commercially sensitive information with suppliers or business partners.
What’s in it?
NZ lawyers have designed this agreement for use by NZ businesses. It is simple (only two pages!), easy to understand, without legalese, and fair to both sides, reducing negotiation time and keeping the relationship positive.
The agreement prohibits a person or business that is receiving confidential information from another from sharing it with anyone else. If the sharing party stops sharing its confidential information, the information already shared must be kept secret until the earlier of four years or the date the information is no longer confidential (because it has become public knowledge).
How long will it take to create my document?
Under 5 minutes – faster than making a coffee!
What information do I need to complete the Q&A?
- The name and contact details of both parties
- The reason the confidential information is being shared
What if I need help?
On Your Terms has teamed up with Luminate Legal to offer its customers the option of obtaining legal advice from a lawyer to provide extra assurance and peace of mind. If you would like to ask a lawyer some quick questions about your document (or your responses to the Q&A), or have your document reviewed/edited by a lawyer, click here to view and select Luminate Legal's packages and fixed-fee pricing exclusively for On Your Terms customers.
What do I do once my document is created?
The agreement is ready to sign as soon as you download it. To be legally enforceable, both parties must sign it, so make sure you get it signed early on (ideally before any info is exchanged), even if you’re just in the early stages of discussions.
Other names for this document:
- Non-Disclosure Agreement or NDA
- Secrecy Agreement
- Gag Order
- Confidentiality Deed
Other helpful information:
- This is a ‘one-way’ confidentiality agreement, where one business or person shares information with the other and that business or person agrees not to share it with anyone else. If both parties are sharing confidential information with each other, you need our Mutual Confidentiality Agreement.
- Check out these blogs: How do I sign legal documents?
- You may also find these bundles or documents useful for your business: Term Sheet for Project, Services Agreement and Independent Contractor Agreement
- Check out our FAQs here
If you’re unsure whether this agreement is what you need, reach out to us at hello@onyourterms.co.nz – we’re happy to help!
Disclaimer: On Your Terms was created to provide fast, easy and affordable access to legal information and documentation. We are not a law firm and do not provide legal advice. The information and documents we provide are of a general nature, designed for common situations, and may not be suitable for your needs or circumstances. If you need legal advice, we have a network of specialist law firm partners able to help you here.